Question: The economic benefit doctrine and constructive receipt doctrine help set the lines of demarcation between what constitutes income, when it must be recognized, and who
The economic benefit doctrine and constructive receipt doctrine help set the lines of demarcation between what constitutes income, when it must be recognized, and who must pay taxes on it.
What is the definition of these doctrines? Why are these doctrines needed? Also discuss how the cash basis of accounting can result in manipulation of income.
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